The Joint Center for Housing Studies (JCHS) at Harvard University now provides an interactive map and graph of cost burdens and high cost burden metro areas across the U.S. at http://bit.ly/1KcZjeN. The JCHS’s The State of the Nation’s Housing, 2015 (see Memo, 6/29) and the new interactive map and graph document the record number of cost-burdened renters in the U.S. Just under 50% of all renter households and over 80% of renter households with income below $15,000 are cost burdened, spending more than 30% of their income on housing. Cost burdened households are more prevalent in more expensive coastal housing markets, including Los Angeles, New York, and Honolulu.
The State of the Nation’s Housing 2015 is available at http://bit.ly/1kKwpkW.